Green Plains Partners (GPP) Raised to Sell at BidaskClub

Green Plains Partners (NASDAQ:GPP) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other research firms have also recently weighed in on GPP. Robert W. Baird reiterated a “buy” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Green Plains Partners in a report on Friday, September 14th. Zacks Investment Research upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. ValuEngine upgraded Green Plains Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. TheStreet upgraded Green Plains Partners from a “d+” rating to a “c+” rating in a research note on Monday, June 25th. Finally, Stifel Nicolaus lowered their target price on Green Plains Partners from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.20.

GPP opened at $14.75 on Thursday. The company has a debt-to-equity ratio of -2.06, a quick ratio of 1.23 and a current ratio of 1.23. Green Plains Partners has a 1 year low of $14.40 and a 1 year high of $20.25. The company has a market cap of $474.25 million, a P/E ratio of 8.15, a P/E/G ratio of 0.56 and a beta of 0.57.

Green Plains Partners (NASDAQ:GPP) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). Green Plains Partners had a negative return on equity of 89.66% and a net margin of 54.40%. The company had revenue of $25.84 million for the quarter, compared to the consensus estimate of $27.16 million. Research analysts forecast that Green Plains Partners will post 1.76 earnings per share for the current fiscal year.

In other news, Director Martin Salinas bought 6,000 shares of the stock in a transaction dated Friday, August 3rd. The stock was bought at an average price of $16.37 per share, for a total transaction of $98,220.00. Following the purchase, the director now directly owns 10,590 shares in the company, valued at approximately $173,358.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in Green Plains Partners during the second quarter valued at $206,000. Cavalier Investments LLC raised its stake in Green Plains Partners by 41.1% during the second quarter. Cavalier Investments LLC now owns 17,242 shares of the transportation company’s stock valued at $295,000 after buying an additional 5,024 shares during the last quarter. Western Standard LLC purchased a new position in Green Plains Partners during the second quarter valued at $366,000. Stifel Financial Corp raised its stake in Green Plains Partners by 16.5% during the first quarter. Stifel Financial Corp now owns 24,899 shares of the transportation company’s stock valued at $434,000 after buying an additional 3,526 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Green Plains Partners by 11.4% during the second quarter. Raymond James & Associates now owns 40,143 shares of the transportation company’s stock valued at $688,000 after buying an additional 4,123 shares during the last quarter. Institutional investors own 16.55% of the company’s stock.

Green Plains Partners Company Profile

Green Plains Partners LP provides fuel storage and transportation services. It acquires, owns, develops, and operates ethanol and fuel storage tanks, terminals, transportation assets, and other related assets and businesses. The company owns or leases 39 ethanol storage facilities and approximately 61 acres of land.

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